# Fortior Technology and Sanhua Holding sign framework agreement to form joint venture for coreless motors

Fortior Technology and Sanhua Holding Group signed a framework agreement to jointly establish a joint venture with registered capital of 30 million yuan. Sanhua will hold 50% and Fortior 36%. The JV will focus on R&D, design, manufacturing and sales of coreless motors (slotless permanent magnet AC motors).

- Type: Partnership
- Announced: 2025-01-23
- Where: China
- Value: $4.20M (30.0M CNY)
- Status: announced
- Products: coreless motors (slotless permanent magnet AC motors)
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fortior Technology](https://endata.com/companies/82515.md)
- [Sanhua Holding Group](https://endata.com/companies/3620.md) (partner)

## Sources

- [finance.ifeng.com](https://finance.ifeng.com/c/8gNZCK0mQf3), 2025-01-23: "双方同意共同出资设立一家合资公司，该合资公司注册资本暂定3000万元，双方均以现金方式进行出资，其中甲方拟持有合资公司50%的股权，乙方拟持有合资公司36%的股权。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.